- Üyelik Tarihi: 10 Haziran 2020
Adjusting technical assistance to meet the challenge
As COVID-19 relocations from a health crisis to an economic crisis, we are trying to prepare for how small companies worldwide will weather this storm and where we require to focus our efforts.
LCGC works with micro, small and medium-sized enterprises (MSMEs), mostly in the developing world. The common small company we work with employs between 10 and 20 people, is close to or is already export-ready, and desires to grow globally. These MSMEs represent 60% -70% of jobs in establishing countries and around half of economic activity ¹. Furthermore, they tend to employ youths and ladies.
It is still too early to approximate how deeply the pandemic will impact our core constituency. Small companies are already or will soon deal with a liquidity crisis, which might erase entire segments of the economy. In the next couple of months, they will deal with a range of difficulties that will depend, to a big degree, on how policymakers react to the crisis today.
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